My current plan is to wait until/if the price of a condo/house is like a disposable toy to us, so the return will not matter.

I want the tenants to have every opportunity to dispose of the garbage without second guessing the costs. 

You may never be able to sell or otherwise dispose of your Interests.5)Rising expenses could reduce cash flow and funds available for future acquisitions.6)Our properties may not be diversified.7)The failure of our properties to generate positive cash flow or to sufficiently appreciate in value would most likely preclude our Members from realizing an attractive return on their Interest ownership.Everyone else can read the offering if they wish.

So, a tenant's disposer is leaking.

General issue area that I've seen:- Gutters (usually clogged or loose)- Windows (won't open and close)- Door seals (worn out seals, you can see day light)- HVAC check regularly - Vent (dirty)- Under the sink (check for leaks)- Grout (in bathrooms, sometime need to regrout)- Caulk (worn out caulk)- Garbage disposal (rusted, leak or just not working)- Dyer vent (lint could be build up cause fire. the early sign is if clothes not drying properly)- Outdoor trims (usually wood rotten) see if it's need to be paint- bushes or tree too close to the house may need to be remove (roots issue, foundation crack, could be driveway crack too)- wood decking or steps (if you don't seal it, could rotting in faster rate)- smoke detector (old, need replace)- etc (BP member feel free to add) 

For example, I'd be willing to bet that a renter in a $2,000 per month rental demands nice appliances, probably including a dishwasher, garbage disposal, and maybe even a washer/dryer.

This person, who may be court appointed if there are no heirs, is the person who can make decisions regarding the disposal of a property.

Usually there will be a per hour fee and then possibly a tonnage rate since municipal solid waste is billed for disposal by the ton.  

[I have Good credit, not excellent, and I have 50k at my disposal to get this project going]Conventional Loan for Rental Property.

For stocks, a very efficient market that is highly liquid, that increased value might be shown the next day, but real estate is not as an efficient market, it takes months to validate price changes, it is also not a liquid asset as it takes time and expense to dispose of a property.As David mentioned, a hard money lender is not a credit lender as much as they are an asset based lender, they may make a loan based on what a value might be, but they will have other concerns as well and they don't provide long term financing.So, when you hear some ignorant guru investor type saying he just made $40,000 buying a property at a discount, understand they don't have a clue about recognizing valuations or market value concepts, we call that stuff puffing, exaggerations on the deal they just did because in reality, what ever they paid was most likely the true value.